Finance
Last week, the combined market valuation of the top ten firms fell by Rs 1,68,552.42 crore, with Reliance Industries taking the biggest hit in an overall weaker market.
The Sensex fell 1,492.52 points, or 2.43 percent, last week. Market sentiment remained negative despite rising COVID cases in China and a few other countries, while stronger US growth data reinforced expectations that the Federal Reserve will maintain its hawkish stance.
The valuation of Reliance Industries has dropped from Rs 42,994.44 crore to Rs 16,92,411.37 crore. The market capitalization of State Bank of India has dropped from Rs 26,193.74 crore to Rs 5,12,228.09 crore.
The value of HDFC Bank fell by Rs 22,755.96 crore to Rs 8,90,970.33 crore, while the value of Life Insurance Corporation of India (LIC) fell by Rs 18,690.03 crore to Rs 4,16,848.97 crore.
ICICI Bank’s market capitalisation (mcap) fell by Rs 16,014.14 crore to Rs 6,13,366.40 crore, while Hindustan Unilever’s fell by Rs 11,877.18 crore to Rs 6,15,557.67 crore.
Infosys’ mcap fell by Rs 10,436.04 crore to Rs 6,30,181.15 crore, while HDFC’s fell by Rs 8,181.86 crore to Rs 4,78,278.62 crore.
The market capitalization of Bharti Airtel fell by Rs 7,457.25 crore to Rs 4,49,868.21 crore, while Tata Consultancy Services (TCS) fell by Rs 3,951.78 crore to Rs 11,80,885.65 crore.
Reliance Industries was named the most valuable company in the top ten, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel, and LIC.
Source:BS
